Finding F23
Given the County’s UPL position at the end of FY2024, if the County then began to pay an additional $5,000,000 each year, elimination of the 2024 UPL would occur in 2037 rather than 2044. 18 If the County adds personnel or increases salaries, the County should increase the annual additional payments commensurately.
Jury report: Planning for the Future: The Board of Supervisors' Approach to the Growing $220-Million Problem of Unfunded Pension Liabilities · PDF page 23
Permanent linkOfficial response
Nevada County Board of Supervisors
Disagrees with certainty about eliminating total liability by 2037, while accepting the static June 2024 calculation.
Read official response · PDF page 10The response explains new amortization bases and annual valuation changes. It concedes the finding’s fixed-2024 projection but challenges broader future-total certainty; the disputed scope is therefore materially incomplete for the finding as actually framed.
This review evaluates the response document. Implementation claims have not been independently verified.